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YY Well-Positioned To Transition From PC To Mobile

JPMorgan initiated coverage on YY Inc (ADR) YY 4.11% with Overweight rating and $62 price target. The analysts believe the key advantages of the company (established ecosystem, social orientation and content supply) should allow it to transition from PC broadcasting to mobile.

They view YY as offering different value proposition to consumers, particularly from content perspective, despite the company's progress in mobile broadcasting seems to be slower than start-ups based on iOS app downloads and gross revenue rank.

According to the analysts, the share price collapse in May was likely attributable to the investment community hearing about the withdrawal of the going-private plan (officially announced in July). They believe the share movement of YY will return to being driven by financial performance.

Aug 2016JP MorganAssumesOverweight
Mar 2016Summit ResearchTerminatesBuy
Aug 2015Pacific CrestDowngradesOverweightSector Weight

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